Eastern province Cement realizes an extraordinary gain of SAR 80.7m by selling part of its SIIG interest

25/03/2014 Argaam

The Eastern Province Cement Company announced selling a part of its stake in the Saudi Industrial Investment Group (SIIG).

This transaction resulted in an extraordinary gain of SAR 80.7m that will be reflected on Q1 of 2014 income statement; the Cement Company said.

According to Argaam’s Data; the Eastern Province Cement Company owned 5.4m shares representing 1.2% of total SIIG’s shares.

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